share
 

Afghanistan's central bank to inject 25 mln USD to keep local currency stable

0 Comment(s)Print E-mail Xinhua, January 26, 2025
Adjust font size:

KABUL, Jan. 26 (Xinhua) -- Afghanistan's central bank announced that it will inject 25 million U.S. dollars on Monday in a bid to maintain the stability of the national currency, the afghani.

"The bidders, including moneychangers and private banks, should deposit the necessary money in cash in the form of afghani in the central bank Da Afghanistan Bank," the central bank said in a statement posted on social media Sunday.

Over the past month, the bank has injected millions of U.S. dollars into the nation's currency exchange market to stabilize the afghani and prevent its decline against foreign currencies.

The bank also auctioned 20 million U.S. dollars on Saturday.

In recent weeks, the afghani has experienced a depreciation against the U.S. dollar. Currently, the exchange rate stands at about 80.50 afghani for one U.S. dollar, compared to about 69.30 afghani a month ago. Enditem

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter